In today’s competitive lending environment, efficiency and customer satisfaction are paramount. Lenders face increasing pressure to close loans faster while minimizing title risk and reducing costs. Recognizing this challenge, First American Data & Analytics is proud to introduce VeriTitle™, a first-of-its-kind solution designed to transform the mortgage and home equity loan origination process.
What is VeriTitle™?
VeriTitle is an innovative preliminary property analysis tool that delivers instant title intelligence during the initial stages of loan origination. By leveraging advanced mortgage analytics and the industry’s most comprehensive title data, VeriTitle empowers lenders to differentiate loans that need additional title work
This cutting-edge solution provides critical insights into title risks, enabling lenders to take proactive steps to streamline decision-making and improve the borrower experience.
The Power of Instant Title Intelligence
What sets VeriTitle apart is its ability to identify and address title challenges that could otherwise delay or derail a loan closing. Key capabilities include:
- Comprehensive Title Intelligence: Detects open mortgages, mechanics’ liens, tax liens, and other potential obstacles early in the process, such as bankruptcy, and civil judgment liens.
- Property Valuation and History: Delivers automated property valuations and detailed transaction histories, providing lenders with a full picture of the property.
Why Lenders Need VeriTitle™
“Tools that enhance efficiency and minimize disruption are essential for lenders,” explains Robert Karraa, President of First American Data & Analytics. “VeriTitle helps lenders streamline decision-making and ensures faster, more efficient closings, enabling them to grow their mortgage and home equity business.”
Here’s how VeriTitle is reshaping the lending landscape:
- Early Detection of Title Issues: By identifying and addressing title challenges early, lenders can avoid costly delays, saving time and money for both themselves and their borrowers.
- Accelerated Closings: VeriTitle allows lenders to differentiate loans that are ready for expedited processing from those requiring additional title work, creating a smoother path to closing.
- Enhanced Borrower Relationships: With fewer title disruptions and delays, borrowers enjoy a more seamless experience, fostering trust and satisfaction.
Seamless Integration for Maximum Efficiency
VeriTitle is delivered via API and integrates effortlessly with leading loan origination and point-of-sale systems. Plus, available through a user interface and accessible through FraudGaurd and DataTree. This means lenders can easily incorporate its powerful capabilities into their existing workflows without disruption.
Jennifer Menard, Senior Director of Product at First American Data & Analytics, emphasizes the strategic value of the solution:
“VeriTitle delivers a preliminary title evaluation that helps lenders differentiate loans—identifying those ready for accelerated closing versus those needing additional title work. Powered by our expansive lien data and advanced analytics, this solution provides the insight lenders need to improve workflows and close loans more effectively.”
The Future of Lending Starts Now
VeriTitle represents the latest innovation from First American Data & Analytics, further solidifying our commitment to equipping lenders with the tools and insights needed to thrive in today’s market. By combining advanced analytics with comprehensive title data, we’re empowering lenders to reduce costs, enhance efficiency, and deliver exceptional borrower experiences.
Learn More About VeriTitle™
Are you ready to transform your loan origination process? Discover how VeriTitle can help you accelerate closings, reduce risks, and improve borrower satisfaction.